TERRENO REALTY CORP (TRNO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRNO - US88146M1018 - REIT
We assign a technical rating of 4 out of 10 to TRNO. TRNO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, TRNO is a bad performer in the overall market: 67% of all stocks are doing better.
- In the last month TRNO has a been trading in the 57.95 - 61.49 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- TRNO is an average performer in the Diversified REITs industry, it outperforms 42% of 126 stocks in the same industry.
- TRNO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRNO is lagging the market.
TRNO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 61.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.59, a Stop Loss order could be placed below this zone.
More info and screens
52.47
4 important support areas can be observed.
- A support zone ranging from 59.23 to 60.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.13 to 57.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 55.34 to 55.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 53.00 to 54.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 61.76 to 62.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @64.19 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for TRNO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRNO is neutral. |
| ChartMill Relative Strength | 33.84 | NEUTRAL | TRNO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRNO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRNO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TRNO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.85 | NEUTRAL | The RSI value for TRNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests TRNO has a positive trend. |
| Stochastics (14,3) | 60.42 | NEUTRAL | The Stochastics value for TRNO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for TRNO suggests low volalility. |
| Average Directional Index/ADX (14) | 16.35 | NEGATIVE | The low ADX value for TRNO suggests a weak or negative trend. |
60.81
+0.89 (+1.49%)
TERRENO REALTY CORP / TRNO FAQ
What is the ChartMill technical rating of TERRENO REALTY CORP (TRNO) stock?
ChartMill assigns a technical rating of 4 / 10 to TRNO.
Can you provide the trend direction for TERRENO REALTY CORP?
The current trend direction for TERRENO REALTY CORP (TRNO) is Bearish.
Can you provide the RSI signal for TERRENO REALTY CORP?
TERRENO REALTY CORP (TRNO) has an RSI value of 56.8518. This indicates that the stock is currently neutral.
What are the support and resistance levels for TERRENO REALTY CORP (TRNO) stock?
TERRENO REALTY CORP (TRNO) has a support level at 60.59 and a resistance level at 61.76. Check the full technical report for our detailed analysis of TRNO support and resistance levels.